
Image Source: Zerodha KITE, Nifty 50/1 Month/ Log scale
Points:
- 01/01/1996 ~ 01/05/2003 -> A prominent bearish head and shoulder pattern. (8 years)
- 01/04/2003 ~ 01/01/2004 -> Pattern failed. A rise of 103.23% in prices at 75° slope. (1 year)
- 02/02/2004 ~ 03/05/2004 ->31.32% crash in prices. (2 months)
- 01/07/2004 ~ 03/12/2007 -> 315% rise in price at 58° slope. (3 years)
- 03/12/2007 ~ 01/01/2008 -> 64% crash in prices. (1 year)
- 01/12/2008 ~ 01/01/2020 -> 349% rise in prices at 30° slope. (11 years)
- 01/02/2020 ~ 02/03/2020 -> 38.76% crash in prices. (1 month)
- 01/04/2020 ~ 26/01/2022 -> 139% rise in prices at 59° slope. (2 years)
All data are of approximate values. 🙂🙂🙂
What do you infer from it? Please share your views.
Okay!!! So, what to do?
In my opinion one can utilize this time to find new shares, which are good and are available at a good valuation. See, good prices of good stocks don’t come with good news. Right! So, keep an eye open and check for consolidating sectors and shares. 🙂🙂
Candlestick patterns that show a bearish trend reversal
Candlestick patterns that show a bullish trend reversal
Candlestick patterns that show a trend continuation sign
A simple thing to do
- Use EMAs (exponential moving average) as dynamic support and resistances.
- Daily, Weekly and Monthly timeframes are more powerful than mere minutes and hourly timeframes.
- In case of a correction first Monthly, then Weekly and then Daily timeframes show weakness. Similarly in case of beginning of a bullish trend first small timeframes show weaknesses. In this case check for 15min, hourly, four hourly charts for a sign of trend reversal.
- Use a suitable screener from Chartink/Tradingview/Screener 🙂
@MrKool_JJ @malikcool @guest_999 @AyushiiiVijay @Priyanka @xuseronline @kukdookoo @Wontdisplaymyname @Rosh_0007 @amdoinggood123 @Dastro
This should do well
@MrKool_JJ @malikcool @guest_999 @AyushiiiVijay @BubbleBoyChickenLittle @Wontdisplaymyname @Priyanka @still_guessing @drupal @shh_my_dog_is_sleeping @cancob @kukdookoo @luciferous @whitewalker @azzuridd @xuseronline @amdoinggood123 @Dastro @tappukepapa @BAT_MAN @amitsh053 @Rosh_0007